It is worth it to me...

...if I end up wrong and lose, rather than bail at any sign of trouble. Though I hold some puts, I do not like options very much at all, way overpriced to begin with and gamed by the institutions. I plan on adding to TZA and possibly adding BGZ for diversification.

If your puts are June-ride the next 20-30 SPX points North-then make total bank. And if you meant is conviction better than whipsaw-darn skippy.

Since the daily Chaiken is oversold I doubt this, but this is how I'm looking at the hourly setup.